Columns share an author’s personal perspective.
Reader Question: We want to know about different home pricing strategies when selling. We will be selling our home in the spring. We have had an appraisal, two agent opinions and done research ourselves. There is a range between the highest and the lowest estimate of 40K. We do not have a deadline for occupancy. The market here is balanced between buyer and seller. What can you tell us about pricing options when we enter the market.
Monty’s Answer: Home sellers utilize several different strategies to enter the market. Most often, personal circumstances drive decisions. Examples are employment, changes in family size, medical, financial and a host of others. Different motivations can affect pricing.
Defining the range of value
All of these options depend on the quality of the data. My experience is that home sellers’…